Bitcoin saw an upper bound from under $1,000 at the beginning of the year to over $20,000 by December but the market collapsed spectacularly over the course of 2018 and because due to explosion of Bitcoin and Cryptocurrency it has become a buzz word among public. The market of bitcoin dropped as low as $3,000 per bitcoin before rising suddenly at the beginning of the month to over $5,000. The prime bar to rising Bitcoin is the development of applications and user adoption. Presently, the hosts of well-known Bitcoin and cryptocurrency podcast Coin Talk Aaron Lammer and Jay Caspian Kang have compared the respected chief executive of the world’s largest crypto exchange Binance, Changpeng Zhao (CZ), to the creator of Facebook.
Mark Zuckerberg-the man who brought social networking to the mainstream. Facebook was thought to be a niche when it was first introduced. Before Facebook Myspace was the most elated social media for entertainment and music. Facebook built a user base of 2.3 billion people worldwide and successfully integrating itself and social networks into aspects of life that seemed entirely unnecessary as little as 10 years ago. As like as Myspace Bitcoin and Cryptocurrency developers are now confronting the same issue. They are actually searching for a niche.
Zuckerberg picked up a notoriety for being an elective organization pioneer in the beginning of Facebook. CZ, while in some cases questionable, has turned around about to be all around regarded in the bitcoin and cryptocurrency industry, to be limited extent in light of his utilization of Twitter to connect with clients and the network. That has thusly, established Binance as an administration working for the fate of bitcoin and crypto, rather than for its very own closures. The podcast hosts proposed that Coinbase, a San-Francisco based bitcoin and cryptocurrency exchange, is the inverse of binance seeming to flag that it would preferably ‘’bitcoin lose and a Silicon Valley’’ elective come in.
The Winklevoss twins, who circumstantially worked with Zuckerberg on an early form of Facebook while they were understudies at Harvard, could all around become known as the Mark Zuckerbergs of bitcoin and cryptocurrency-notwithstanding their jobs in making of Facebook.